Centrus Energy (NYSE:LEU) Stock Price Up 0.7% – Here’s What Happened

Shares of Centrus Energy Corp. (NYSE:LEU) traded up 0.7% during mid-day trading on Thursday . The company traded as high as $88.47 and last traded at $87.68. 399,606 shares changed hands during trading, a decline of 3% from the average session volume of 412,050 shares. The stock had previously closed at $87.09.

Wall Street Analysts Forecast Growth

LEU has been the subject of several research reports. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. B. Riley upped their target price on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Roth Mkm decreased their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Centrus Energy has an average rating of “Hold” and an average price target of $92.00.

Centrus Energy Stock Performance

The business has a 50 day moving average of $62.63 and a 200-day moving average of $49.85. The company has a market capitalization of $1.43 billion, a P/E ratio of 18.30 and a beta of 1.19. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. The company had revenue of $57.70 million for the quarter, compared to the consensus estimate of $56.50 million. On average, sell-side analysts predict that Centrus Energy Corp. will post 2.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Several large investors have recently added to or reduced their stakes in LEU. Point72 DIFC Ltd bought a new stake in shares of Centrus Energy during the 2nd quarter valued at about $42,000. Wolff Wiese Magana LLC bought a new stake in Centrus Energy during the second quarter valued at approximately $43,000. nVerses Capital LLC lifted its position in Centrus Energy by 133.3% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after purchasing an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Centrus Energy by 181.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after buying an additional 1,754 shares during the last quarter. Finally, Heritage Investors Management Corp bought a new position in shares of Centrus Energy in the 3rd quarter worth $203,000. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.